PROPERTY AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

3) PROPERTY AND EQUIPMENT, NET

The Company’s property and equipment consists of the following, as of the dates shown:

	September 30, 2025			December 31, 2024
Construction in progress	$	626,890		$	633,179
Land, improvements, and other buildings		15,342,674			15,342,674
Winery, tasting room buildings, and hospitality center		44,123,730			44,146,543
Equipment		21,139,144			20,835,506
		81,232,438			80,957,902
Accumulated depreciation		(31,134,341	)		(28,945,751	)
Property and equipment, net	$	50,098,097		$	52,012,151

Depreciation expense for the three months ended September 30, 2025 and 2024 was $757,851 and $785,581, respectively. Depreciation expense for the nine months ended September 30, 2025 and 2024 was $2,289,716 and $2,368,537, respectively.